Titans Engulfing Retracement ZonesThe Titan Engulfing Retracement Zones indicator detects Engulfing Candlesticks on a higher user defined timeframe, and uses that event to plot retracement and extension levels on the chart for ease of users' chart reading and trade execution. The four retracement levels, two of which delimit the target entry zone, and another two delimiting the target exit zone, are also user defined.
The user of this indicator is advised that the default levels provided are unoptimized. The user of this indicator is advised to use this indicator at his or her own risk.
To further filter out the results of Engulfing Candlestick detection, a long wick condition has been included into the detection mechanics.
Fibonacci Thoái lui
Dinapoli LevelsThis indicator displays Fibonacci levels in a clearer way. That helps to identify Confluence and Agreement zones.
Once the indicator is added to a chart, you must select the A-B focus points:
In an Up Swing, the A-point would be the Low Pivot and the B-point would be the High Pivot.
In a Down Swing, the A-point would be the High Pivot and the B-point would be the Low Pivot.
Due to Tradingview limitations, the indicator needs to be deleted and re-added to the chart every time you need to draw new levels.
The indicator can be added as many times as D-Levels you indend to display.
Here are its main features:
Select which levels to display for each instance of the indicator (F3, F4, F5).
Customize the color for each level.
Display the price tag.
Customize the distance to the right at which the levels are displayed.
Customize the width of the levels.
Customize the thickness of the lines.
Fibonacci LevelsENGLISH
FiboLevels uses standard deviation (a measure of market volatility). For me, more successful parameters were EMA, 500 days, showing levels 50 and 100.
The standard RSI 14 indicator helps to determine the levels, you can use its values to navigate the levels if the price approaches any line, and the RSI is in the overbought or oversold zone, that is, there is a high probability that the price may rebound from this level.
If the script does not display levels, then you need to reduce the length parameter
If the price has gone beyond the lines, then the number of levels can be increased in the Number of Lines Show parameter
Russian
В FiboLevels используется стандартное отклонение (величина измерения волатильности рынка). Для меня более удачными параметрами вышли EMA, 500 дней , показ уровней 50 и 100.
Определять уровни помогает стандартный индикатор RSI 14, по его значениям можно ориентироваться в уровнях, если цена подходит к какой-либо линии, а RSI находится в зоне перекупленности или перепроданности, то есть большая вероятность что от этого уровня цена может оттолкнуться.
Если скрипт не отображает уровней, то нужно уменьшить параметр длина
Если цена вышла за пределы линий, то количество уровней можно увеличить в параметре Number of Lines Show
[MAD] FibchannelsThis is an indicator that gives you bands around the Fibonacci levels High/Low of the asset.
There are 3 time frames available so you can use the hourly, daily and weekly at the same time.
You can change the bands via selectable inputs to suit your own preferences.
you can as example combine with RSI or MACD to find a entry
Auto Fibonacci From Previous High & Low w/ Percentages & AlertsAUTO FIBONACCI FROM PREVIOUS D/W/M/Q/Y HIGH & LOW WITH PERCENTAGES & ALERTS
This is an auto fibonacci level generating indicator that uses the high and low from the previous day, week, month, quarter or year. It also has a table with real time updates of how far away the nearest fibonacci levels are above and below the current price, represented in percentages. It includes alerts for each level as well if you want to be notified of price crossing fibonacci levels without watching the chart.
***HOW TO USE***
Fibonacci levels are also known as the golden ratio and are popular levels for traders to use as support and resistance levels. Expect price to bounce off of these levels regularly.
The previous high and low are marked as white lines. These are very important levels so make sure to pay attention when price reaches these lines.
Make sure to check out the higher timeframes for major levels.
Each fibonacci line retracement and extension up to the 3.272 level in each direction is displayed as red or green depending on whether price is above or below that level.
The retracement levels used are: previous high, .117, .236, .382, .5, .618, .786, .883, previous low, 1.272, 1.618, 2, 2.272, 2.618, 3 and 3.272.
The extension levels used are: .272, .618, 1, 1.272, 1.618, 2, 2.272, 2.618, 3 and 3.272.
In the indicator settings input tab you can quickly change the timeframe used, turn lines on/off, upper line colors, lower line colors, previous high and low line colors, line width, turn percentage table on/off, change the color of the percentage table and move the percentage table to a different location on the chart.
The indicator includes alerts for each fibonacci level as well, just set your fibonacci timeframe on your favorite ticker and turn on tradingview alerts for alert() calls.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This auto fibonacci indicator can be used on all timeframes.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Buy & Sell Pressure Colored Candles, Directional Movement Index + Fisher Transform, Volume Profile W/ Buy & Sell Pressure Labels, Auto Support And Resistance and Money Flow Index in combination with this Auto Fibonacci. They all have real time Bullish and Bearish labels or percentage gap info as well so you can immediately understand each indicator's trend and how far away major levels are in percentages.
TWS Pivot Points FibsPivot Points with Fibonacci
Day, Week, Month. Year Time Frames
0% to 200%
What is a Pivot Point?
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
The pivot point is the basis for the indicator, but it also includes other support and resistance levels that are projected based on the pivot point calculation. All these levels help traders see where the price could experience support or resistance. Similarly, if the price moves through these levels it lets the trader know the price is trending in that direction.
When the price of an asset is trading above the pivot point , it indicates the day is bullish or positive.
When the price of an asset is trading below the pivot point , it indicates the day is bearish or negative.
The indicator typically includes four additional levels: S1, S2, R1, and R2. These stand for support one and two, and resistance one and two.
Support and resistance one and two may cause reversals, but they may also be used to confirm the trend. For example, if the price is falling and moves below S1, it helps confirm the downtrend and indicate a possible continuation to S2.
All levels are based on Fibonacci
Litt Auto FibThe Litt Auto Fib Tool automatically draws Fibonacci Retracements & Fibonacci Extensions based on time periods. The time period has two important settings.
1. The Fib Period is the period in which the Fib Tool determines a High and Low.
2. Use Previous Fib overlays the past periods Fib Levels on the current period.
For example, if we are using Daily period (D), then the Litt Auto Fib will calculate that Time periods High and Low. After determining the High and Low the tool will plot retracement levels and extension levels based off that Time periods High and Low. If we have the Use Previous Fib Unchecked it will use the current Day. If we have the Use Previous Fib checked (Or set to True), the Fib tool will use the previous day and overlay onto the current day. These levels can act as support and resistance, profit targets or stop losses. If you need more information on Fibonacci or how traders use it, it is best to do a quick Google search.
Fibonacci levels MTFHello All,
I got some requests for a script that shows Fibonacci Levels of Higher Time Frame Candles. so I made/published this script. I hope it would be useful for you.
Options:
You can set Higher Time Frame, by default it's 1 Day.
Optionally it can use Current or Last Candle of higher time frame to calculate/show its Fibonacci Levels.
It can show higher time frame candles at the background optionally. You can change its colors.
You can enable/disable/change each Fibonacci levels and their colors.
You can enable/disable Fibonacci Labels that is shown at the right ride and see only Fibonacci lines/levels
example, Fibonacci levels with higher time frame candles:
P.S. if you have ideas to improve this script, drop a comment under the script please
Enjoy!
B-auto fibA new interactive input mode for price and time inputs is now available. Instead of selecting bar numers and/or time from input widgets, you can now select them by clicking on the chart.
The interactive mode is activated by using confirm = true in input.time() and input.price().
This is code for an Anchored fibonachi indicator where the anchor point is set interactively
this way you can change start date and fib level is calculating automaticly indicator is finding highest and lowest price and calculating fib levels
thanks to versiyon5
i hope tradingview will make a fibo widget like Anchored VWAP it will be very usefull
thanks good works so far :)
+ Donchian ChannelsThis version of Donchian Channels uses two source options so that one can create a channel using highs and lows rather than one or the other or closes. My thinking was that this would create a more accurate portrayal of price action (or at least contain the greatest scope of it) as seen through the lens of a Donchian Channel. This was actually part of the genesis of my idea around my Ultimate Moving Average.
Besides the single top and bottom plot for the DC's extremities, I've enabled the ability to create outer bands with a variable width that the user can adjust to their preference. I think it's quite nice. I use it in the DC in my other non-overlay indicators.
Besides this additional functionality, the indicator has options to plot lines between the basis and the upper and lower bands, so, basically, splitting the upper and lower channel in half.
There is no magic number to the lookback. I chose 233 as default because it's a fibonacci sequence number and I'm more interested in using the DC like a very long period bias indicator, and the longer lookback gives a much wider window (because highs and lows are so spread apart) with which other faster indicators (supertrend, shorter period moving averages, etc.) can work without making the screen a clutter.
The color of the basis may also be made relevant to higher timeframe information. What I mean by this is that you can set it so that the basis of the current timeframe is colored based on the candle close of the higher timeframe of your choosing. If you're looking at an hourly chart, and you set the color to Daily, the basis will be colored based on the candle close (above or below the basis) of the previous day. If the previous daily close was above the basis, that positive color will be reflected in the basis, even if the current hourly candle closes are below the hourly basis. This could potentially be useful for setting a higher timeframe directional bias and reacting off price crossing the lower timeframe basis (or whatever your trigger for entering a trade might be). This is also optional in my Ultimate Moving Average indicator.
You can also set the entire indicator to whatever time frame you want if you want to see where the actual basis, or other levels are on that higher timeframe.
Further additions include fibonacci retracement levels. These are calculated off the high and the low of the Donchian Channels themselves.
You will see that there are only three retracement levels (.786, .705, .382), one of which is not a fib level, but what some people call the 'OTE,' or optimal trade entry. If you want more info on the OTE just web search it. So, why no .618 or .236? Reason being that the .618 overlaps the .382, and the .236 is extremely close to the .786. This sounds confusing, but the retracement levels I'm using are derived from the high and low, so it was unnecessary to have all five levels from each. I could have just calculated from the high, or just from the low, and used all the levels, but I chose to just calculate three levels from the high and three from the low because that gives a sort of mirror image balance, and that appeals to me, and the utility of the indicator is the same.
The plot lines are all colored, and I've filled certain zones between them. There is a center zone filled between both .382 levels, and an upper and lower zone filled between the .786 and either the high or the low.
If you like the colored zones, but don't like the plots because they cause screen compression, turn off the plots under the "style" tab.
There are alerts for candle closes across every line.
I should state that, regarding the fibs, obviously the length of the Channels is going to affect to what levels price retraces to. A shorter lookback means you will see more changes in highs and lows, and therefore retraces are often going to be full retraces within the bands unless price is trending hard. A longer lookback means you will see smaller retraces. Using this in conjunction with key high timeframe levels and/or a moving average can give great confidence in a trade entry. Additionally, if you have a short bias it may help in finding levels or entering a trade on a pullback. It could also be good for trade targets. But again, the lookback you choose for this indicator is going to dictate its use in the system you're building or already have. A 9 EMA and a 200 EMA, while fundamentally the same, are going to be used somewhat differently while doing your chart analysis.
Additional images below.
Same image as main, but with supertrend and my +UMA to help with chart analysis.
Image with the fib stuff turned on.
Zoomed out image with the same.
Shorter lookback period.
Zoomed in image of shorter lookback.
Kamek CC Magic v1.2This indicator has been created to automatically find the sweet spot for two fib levels. 0.618 & 0.66
- Using 3 Time Frame pivot points for fibs
- Each Time Frame pivot has fib retracement levels with customizable levels
- dynamic pivot left and right lookback period to adjust the lag in the higher highs and lower lows
Note: You need to have the chart time frame on the lowest fib time frame.
Recommended to use for scalping
0.618 & 0.66 for each Time frame.
1hr, 4hr, 1day
Recommended to use for Swing
0.618 & 0.68 for each Time frame.
4hr, 1day, 3day
but you can still use your own strategy using 4 fib levels.
The idea is based on the course material from Chart Champions
Its recommended using S&R levels or session volume to confirm entry or exit
Martyv Technical Analysis KitThis indicator is being developed as a tool hopefully suited to both the beginner/amateur/hobbyist and possibly also the professional analyst/trader. The idea is that it would be a tool that can give you an instant ‘overview’ of a few different schools of measurement on any measurable asset. Makes for great training wheels or a primer for further analysis.
Out of the box settings will give you an AutoFib for the most recent low and high (with extension targets), a pair of commonly-used moving averages (50 SMA and 200 SMA), RSI (and/or many other) divergences on the chart, and candles colored according to current trend (Blue = Bullish Control, Purple = Neutral/Coasting, Red = Bearish Control) and intensity according to volume (Darker = High Volume/Increasing, Lighter = Low Volume/Decreasing). For more advanced traders/analysts, almost all settings can be customized, with multiple options and additional features.
*There are a lot of settings. Shrug. Wink. I tried to bundle them together, however there are a few that I use quite often and placed them at the top for easy access. If you have any suggestions as to what's super useful in the top area, lmk. Happy trading! -E
AutoFib
-Places an AutoFib for the most recent low and high (with extension targets)
-You can choose to "contain price action" inside a 0-1 fib retrace, or allow extension targets to automatically be used (potentially useful within Harmonic Trading among other things)
-Uses the Fast/Medium/Slow (Default) global inputs for fib lookback period (Defaults to 8/21/34 at the time of this writing, can be changed in settings)
-Customizable fib levels, colors, and styles
-Can choose between AutoFib with manually defined levels or SmartFib with levels automatically calculated, including extensions as needed
--Choose between only using the most recent confirmed fib retrace, or the currently developing (non-confirmed) fib retrace - this will also contain price action within a 0-1 fib
--Adds fib extensions as needed, you can define extension levels
-Can change the lookback period and turn the visible Zig Zag and/or AutoFib on/off
-Can turn Logarithmic on/off in settings
Divergence
-Can identify and mark divergences (regular and hidden) for MACD, MACD Histogram, RSI (Default), Stochastic (Default), CCI, Momentum, OBV, Diosc, VWmacd, and Chaikin Money Flow
-Can turn divergences on/off individually
-Can choose to show hidden divergence
-Uses the Fast/Medium/Slow global inputs (Defaults to 8/21/34 at the time of this writing, can be changed in settings)
Trend Channels
-Uses a Zig-Zag with a specified lookback period (can be changed in settings)
-Setting AutoFIb to a different lookback than Trend Channels yields interesting results imo
-Can turn channels on/off
-Can change the lookback period and turn the Zig Zag and/or Channels on/off
Trend Ribbon
-Uses the John F. Ehlers Supersmooth method on a specified lookback period (Default 14)
-Checks the current price action against the lookback period trend and if the Supersmooth signal aligns with the trend direction, it gives a strong signal (Bull/Bear). A continuation signal (Neutral) is given if these two don’t match, and often indicates trend continuation or trend reversal.
-Can turn supersmooth and/or matching bar repaint on/off
-Can choose between Bull/Bear/Neutral signals and only Bull/Bear signals
-Alerts available for Bullish or Bearish change
-Can choose current timeframe or any timeframe
Bar Repaint
-Candles colored according to current trend (Blue = Bullish Control, Purple = Neutral/Coasting, Red = Bearish Control) and intensity according to volume (Darker = High Volume/Increasing, Lighter = Low Volume/Decreasing). You can set candle color to reflect: Open/Close, Trend (Default), or an RSI Gradient. You can set candle intensity to reflect: Volume (Default), Momentum, RSI, or ADX.
Price Tag
-Price tag that sits neatly between the candles and the fib labels. You can turn this on or off.
Percentage Values SpaceManBTCPercentage Values SpaceManBTC
This is a free release indicator, it makes use of tradingviews new update to pinescript.
The goal of this script is to allow the user to choose a point in time on the chart and price.
In doing so it will generate automatically the percentage deviations specified by the user in the settings.
The code is quite simple, specify a point in origin, and apply percentage deviations on price from that point,
For usecase I find it can be quite useful for round numbers personally which is why ive set the default to be: 5,10,15,20.
Similar to playing round values that may provide some psychological reason for resistance/support I beleive the same can be done with % from important swing highs and lows in the correct trading environments.
Users can:
-Show Origin
-Choose distance from origin
-Toggle Labels altogether
-Choose color of lines
-Decide to show above, below, or both. For retracements and extensions.
-Customize the % Amount
To Do
-Customize line styles
-Customize line size
-Customize Font size
-Add more options for number of percentages
Fibonacci Toolkit [LuxAlgo]This toolkit aims to display multiple Fibonacci drawing tools including retracements, arcs, circles, fans, timezones and spirals.
Usage
Upon adding the indicator to the chart, users will be prompted to choose a starting point and an ending point for the calculation of the drawing tools.
Users can then navigate to the settings of the toolkit and choose which drawing tool to display using the Fibonacci drop-down menu. Users are also free to change the default Fibonacci ratios used by the indicator from within the settings. Each tool is described below.
Retracements
Fibonacci retracements display multiple levels constructed using the starting price point, ending price point, and multiple Fibonacci ratios. These levels can be used as support and resistance.
Arcs
Fibonacci arcs display multiple semi-circles. Each semi-circle crosses the line connecting the starting & end price point at a certain percentage determined by Fibonacci ratios. These arcs can be used as support and resistance.
Circles
The Fibonacci circles are similar to the Fibonacci arcs but display a full circle instead. Users can expect the price to bounce off of the circles.
This tool is less commonly used by traders.
Fan
A Fibonacci fan is a tool displaying trendlines all connected to a starting point and extending to a point determined by Fibonacci ratios. These can also be used as support and resistance.
Timezone
Fibonacci timezones return a series of horizontal lines. The distance of the lines increases by a factor given by the numbers in the Fibonacci sequence.
This tool can be useful to highlight points where a trend might reverse assuming that their duration increases over time.
Spiral
The Fibonnaci spiral displays a spiral that grows by a factor given by the golden ratio. This indicator returns a spiral using 7 turns (5 internal) and sets the origin of the spiral to the ending point which is selected by the user. The height of the spiral is based on the price range between the starting point and ending point.
Note that potential display artifacts can be seen when fitting the spiral on stocks and forex pairs.
Auto Fib Golden Pocket Band - Strategy with Buy Signalsthis strategy is based on the Indicator "Auto Fib Golden Pocket Band - "Autofib Moving Average"
it's the same as the indicator but with:
- the strategy tester included
- several entry Signal filter
- Dynamic SL
Auto Fib Golden Pocket Band - Autofib Moving Averageplots the fib retracement Golden pocket moving average band on two different pivots
3rd WaveHello All,
In Elliott Wave Theory, 3rd wave is not the shortest one in the waves 1/3/5 and it's usually longest one. so if we can catch it then we may get good opportunities to trade. This script finds 3rd wave experimentally. it can be also the 3rd waves in the waves 1, 3, 5, A and C. the 3rd wave should have greater volume than other waves, the script can check its volume and compare with the volumes of the waves 1 and 2 optionally.
Pine Team released Pine version 5! This script was developed in v5 and it uses Library feature of Pine v5 for the zigzag functions. This script is also an example for the Pine developers who learn Pine v5 and Libraries.
Options:
Zigzag Period: is the length that is used to calculate highest/lowest and the zigzag waves
Min/Max Retracements: is the retracement rates to check the wave 2 according to wave 1. for example; if min/max values are 0.500-0.618 then wave 2 must be minimum 0.500 of wave 1 and maximum 0.618 of wave 1.
Check Volume Support: is an option to compare the volumes of1. 2. and . waves. if you enable this option then the script checks their volume and 3rd wave volume must be greater then 1 and 2
there are 4 options for the targets. you can enable/disable and change their levels. targets are calculated using length of wave 1.
Options to show breakout zone, zigzag, wave 1 and 2.
and some options for the colors.
The Library that is used in this script:
P.S. This is an experimental work and can be improved. So do not hesitate to drop your comments under the script ;)
Enjoy!
ZigZag Chart with SupertrendHello All,
This script creates Zigzag Chart by using Zigzag waves, so it's timeless chart meaning that no time dependency on X-axis. Optionally it can calculate & show Zigzag Supertrend or Simple Moving Average. Also it can change bar colors of the main chart by trend direction of Zigzag Supertrend.
As seen below, each zigzag wave is a candle on Zigzag chart:
You have a few options and using these options you can find best settings for the securities/timeframes.
You can change Zigzag period, if you change Zigzag Period then all zigzag and the chart is recalculated/reconstructed.
You have option to show Zigzag Supertrend or Zigzag Moving Average, the options you have;
- You can change ATR Length and ATR multiplier for supertrend
- You can change Length for Simple Moving Average
You can change Zigzag candle & wick colors using options. Also you have option to change bar colors according to Zigzag Supertrend direction.
As it's timeless chart, below you can see how/when bar colors and Zigzag Supertrend change:
You can see Simple Moving Average of the Zigzag Candles:
You can play with ATR length and multiplier to find best supertrend:
You can play with the candle & wick colors:
Enjoy!
Vision Reversal ZonesVision Reversal Zones is our twist on Fibonacci Retracements to help identify areas of possible retracement. It's important to understand that in real-time the retracement levels of the past are not to be mistaken as retracement levels of the future. The goal is to provide yourself with an idea of general ranges you could potentially expect a retracement based on recent activity. This indicator should not be used as your only source of trade ideas... Build a strategy around your preferred setups, and leverage it for confirmation.
What makes this indicator different?
Our indicator outputs averaged metrics with retracement ratios
Our indicator adjusts it's averaging decisions automatically based on your chart
Our indicator focuses on the outer ratios of retracement
How do I use this indicator?
To use this indicator simply apply it to your chart. With this version there are no user required settings or adjustable values. The indicator will make adjustments itself based on your chart. To understand the use of the indicator you'll need to understand the basic principles of support & resistance. We recommend reading up on Fibonacci Retracements as well, however you'll first want to understand support & resistance.
Auto Phivots S/R [DM]Greetings colleagues
Today I share the classic pivot points indicator
Added options:
Standard levels
Fibonacci levels "up to 261'8"
Logarithmic scale option
//Pivot Points Standard
//Pivot Points Standard — is a technical indicator that is used to determine the levels
//at which price may face support or resistance. The Pivot Points indicator consists of
//a pivot point (PP) level and several support (S) and resistance (R) levels.
//
//Calculation
//PP, resistance and support values are calculated in different ways, depending on
//the type of the indicator, specified by the Type field in indicator inputs. To
//calculate PP and support/resistance levels, the values OPENcurr, OPENprev, HIGHprev,
//LOWprev, CLOSEprev are used, which are the values of the current open and previous
//open, high, low and close, respectively, on the indicator resolution. The indicator
//resolution is set by the input of the Pivots Timeframe. If the Pivots Timeframe is set
//to AUTO (the default value), then the increased resolution is determined by the
//following algorithm:
//
//for intraday resolutions up to and including 15 min, DAY (1D) is used
//for intraday resolutions more than 15 min, WEEK (1W) is used
//for daily resolutions MONTH is used (1M)
//for weekly and monthly resolutions, 12-MONTH (12M) is used
CryptoFall v1.0.0Category: Trend Analysis
Timeframe:
- Best on 4H, D
- Faster on 30M, 1H
Suggested Use: In uptrend.
Input option: Is possible to use "Alternative Time Frame" using other candles on different Time Frame charts.
Logic: The tradable market range is calculated, on which the Fibonacci levels are automatically calculated, at this point the entries could be defined entering on the important zone levels.
The calculation takes into account a combination of indicators such as:
- Fibonacci Retracement ( FibRetr )
- Theory of W. D. Gann .
Entry: The indicator uses Fibonacci levels to identify a good time to enter using the Buy the Dip approach (i.e. considering that a typical pullback is in the range between 0.382 and 0.618).
Tips: The best way to enter the market is always to split the positions so as not to enter entirely and expose yourself with all your capital, @TheSocialCryptoClub insists on a careful management of the orders so as to be able to mediate the price depending on the depth of the retracements.
Exit: Defined by the investor's long-term objective.
Thanks for attention.
Fibonacci LevelsThe 420 VWMA (Volume Weighted Moving Average) per period selected of the low price (Fib 0) and the high price (Fib 1). They are labeled in Color of the line they represent.
The other Fib lines are calculated using common fib ratios as follows:
longRange_fib2618 = highestHighperLongRange +
(highestHighperLongRange - lowestLowperLongRange) * 1.618
longRange_fib1618 = highestHighperLongRange +
(highestHighperLongRange - lowestLowperLongRange) * .618
longRange_fib786 = highestHighperLongRange -
(highestHighperLongRange - lowestLowperLongRange) * 0.236
longRange_fib618 = highestHighperLongRange -
(highestHighperLongRange - lowestLowperLongRange) * 0.382
longRange_fib50 = highestHighperLongRange -
(highestHighperLongRange - lowestLowperLongRange) * 0.500
longRange_fib382 = highestHighperLongRange -
(highestHighperLongRange - lowestLowperLongRange) * 0.618
longRange_fib236 = highestHighperLongRange -
(highestHighperLongRange - lowestLowperLongRange) * 0.764
Those lines are drawn and labeled to right of chart
The 2 heavy whites and the short range of the Fib1 (Top) and Fib0 (Bottom). Eyes on chart when it approaches one those two points. This is where I look for continuation or reversal patterns, especially near a Longterm Fib
The Red, Green, Yellow and Blue are colored ratio lines that I am experimenting with and will later combine with a multiple time frames to show discernable patterns of potential near future movements.
The prices interacts with the fib lines and each of the the colored ratio lines as you go from small to larger time frames.
I will be publishing this soon to allow the community to improve on it.
Retracer Barcolor With LuckyNickVaFibonacci Input Preset Retracer. This for highlighting your favorite Fibonacci retracement levels. Before using this indicator you should already have knowledge of what Fibonacci is & how to use it. These are levels where it said to be that the market may or may not reverse at. This is more used for anticipation, confluence & should be used in combination with other tools to confirm price action & your own analysis of your expectations. But quickly explained Fibonacci levels are Price Reversal levels that are self fulfilled due to mass trading at these price reversal levels. So the correct way to find opportunity with this script is to use these levels to analyze price action for Pullbacks in the market.
